I hope that you have enjoyed the article “10 Procurement KPI’s, Part I.”

Don’t miss updates on Procurement & Supply Chain, Subscribe here!

In this article, I share some of the more standard KPI’s used for benchmarking. These are often used by senior management to get a general understanding of how their procurement departments stack up against others.

So, in that regard, they are important. As a procurement leader, you should have these KPI’s at your fingertips if/when your management comes looking for them.

But these particular KPI’s don’t tell the whole story of how a procurement department should be evaluated by management or even outside constituencies. Stay tuned for Part II in two weeks to get the rest of the picture.